Top five Bunge executives resign after internal audit into possible financial irregularities

Posted by | July 10, 2013 | Latest Audit Information & News

 The American company Bunge have had five top executives at the Indian unit resign amid an internal audit into possible financial irregularities at the world’s largest oilseeds processor and owner of domestic edible oils brands Dalda and Amrit.

The company’s director Ashish Saxena and chief financial officer Anand Vora have quit over what two senior executives with direct knowledge of the development described as “management differences” arising out of the outcome of the audit. Two other directors of the company – Sudhakar Rao Desai and Sanjay Jain – along with human resources head Sangram Chavan have quit for better prospects, the senior executives said.

Article by The Economic Times

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